Donald Trump’s ultra-controversial Federal Reserve nominee Stephen Moore says he’ll withdraw his name “if something I said or something I've done becomes a political problem.” Okay, first of all, IF? The man wants “no women anything” anywhere near sports and has had to disavow support of a return to the gold standard. The second, bigger issue here, though, is that as a Federal Reserve nominee, Moore is putting partisan concerns first.
“I don’t want to be a liability,” he told the Wall Street Journal. “Why should we risk a Senate seat for a Federal Reserve board person, you know? I mean that just doesn’t make any sense.” Republican Party first, in other words.
This level of partisanship is new and problematic. “You don’t want to be able to look at the person and say well, he’s going to be hawkish or dovish just dependent on who’s in power,” said the chief U.S. economist at Barclays. But that is what Donald Trump wants, obviously.